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Newspaper
Russell Banner
Location
Russell, Manitoba, Canada
Date
Jun 03, 1920
Page
5
In a statement Mr Simpeon criticizes minister remuneration as living costs climb. The report notes a 34 000 ton dreadnaught and 70 000 horsepower and cites high potato prices urging kitchen garden cultivation.
The Manitoba government intends to operate banks in multiple cities including Winnipeg and Brandon to fund Rural Credits at four percent interest for short and long term deposits. Trust boards will oversee branches. deposits are province guaranteed and joint accounts allowed. By May 25 the province has spent 820000 on Rural Credits via 1553 loans, with 53 societies active and 60 expected soon.
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